Pilgrim’s Pride Profit Surge


Pilgrim’s Pride has reported a significant turnaround in the fourth quarter, attributing their success to new promotions and increased prices for meats other than chicken.

Financial Performance

The chicken giant reported a profit of $134.7 million, or 57 cents a share, a stark improvement from the loss of $155 million, or 66 cents a share, in the same quarter last year. Adjusted earnings, not accounting for one-time items, were 59 cents per share, surpassing analysts’ expectations of 43 cents per share. Quarterly revenue also saw an increase to $4.53 billion compared to $4.13 billion the previous year.

Strategic Partnerships

Pilgrim’s Pride, headquartered in Greeley, Colorado, credits their success to working closely with retail and food service customers to boost sales through promotions and expanding their range of chicken products. CEO Fabio Sandri emphasized the company’s collaborative efforts in increasing customer engagement.

Additionally, Pilgrim’s Pride’s U.S. portfolio benefited from enhanced distribution channels and higher retail pricing for other protein options, contributing to their overall positive performance in the market.

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